Category crypto

An unknown hacker who previously stole hundreds of thousands of dollars in Bitcoin from Coldcard cryptocurrency hardware wallets has successfully laundered the funds. Using the decentralized cross-chain liquidity protocol THORChain, the attacker swapped the stolen Bitcoin for Ethereum to obscure the transaction trail. This sophisticated maneuver highlights the growing challenge law enforcement and security experts face as cybercriminals leverage decentralized finance platforms to bypass traditional tracking methods. Despite the advanced laundering technique, on-chain analysts are continuing to monitor the destination addresses for any potential off-ramps.

Prediction market platform Kalshi has reportedly applied for regulatory approval from the Commodity Futures Trading Commission to offer West Texas Intermediate crude oil perpetual futures. If approved, this move would expand Kalshi’s financial product offerings into the energy sector, providing traders with continuous exposure to oil price movements without traditional contract expiration dates. The application highlights the growing demand for innovative derivatives and perpetual contracts within regulated U.S. markets. This strategic step could significantly alter the competitive landscape for commodity trading, bridging the gap between prediction markets and traditional finance.

Australia is tightening its grip on the digital asset sector by introducing stringent penalties for unregistered cryptocurrency providers. Under new regulatory proposals, companies operating without proper authorization could face massive fines reaching up to ten percent of their annual turnover. This decisive move aims to enhance consumer protection, eliminate predatory practices, and bring decentralized finance into the mainstream regulatory fold. By holding non-compliant firms financially accountable, the Australian government hopes to foster a safer, more transparent environment for everyday investors entering the crypto market.

ETF inflows that had been pouring into Ether and XRP funds over the past weeks have stalled, marking the end of a brief inflow streak for those assets. At the same time, Bitcoin‑focused exchange‑traded products have seen a sharp reversal, registering fresh net purchases and pushing total Bitcoin fund assets higher for the first time since early June. Analysts attribute the shift to renewed confidence in Bitcoin’s price momentum and a broader risk‑off sentiment that favors the market’s flagship cryptocurrency over altcoins. The divergent flows suggest investors are reallocating capital toward Bitcoin as it regains its role as the sector’s safe‑haven asset.

Hyperscale Data has officially ceased its Bitcoin mining operations in Michigan, marking a significant strategic shift for the company. This decision comes at a challenging time, as the firm reported a dramatic 79 percent decrease in its overall cryptocurrency holdings. By winding down the energy-intensive Michigan facility, the company is stepping back from the volatile digital asset sector. The abrupt closure highlights the mounting financial pressures and market headwinds currently facing smaller-scale corporate crypto miners.

US cybersecurity officials are collaborating with private security firm CrowdStrike to combat a sophisticated malware campaign responsible for widespread cryptocurrency theft. The malicious software specifically targets digital wallet credentials and private keys, exploiting vulnerabilities to drain assets from unsuspecting users. By pooling intelligence and leveraging advanced threat-detection tools, authorities and industry experts aim to disrupt the criminal infrastructure behind these attacks. This joint effort highlights the growing intersection of national security and digital asset protection as cybercriminals increasingly target the decentralized finance sector.

Coinbase has officially launched federally regulated crypto derivatives trading in Canada, marking a major milestone in the platform's international expansion. The strategic move allows eligible Canadian retail investors to trade crypto futures through a compliant framework, addressing the region's stringent regulatory environment. By partnering with local regulators, Coinbase aims to provide a secure and transparent trading experience that bridges traditional finance and digital assets. This launch reinforces Canada's position as a key market for crypto innovation while solidifying Coinbase's leadership in global regulatory compliance.

New Jersey’s Attorney General and gaming authorities filed a petition for a writ of certiorari to the US Supreme Court over Kalshi offering sporting event contracts to residents. Source: Cointelegraph

Wyoming is using Chainlink to bring near-real-time reserve verification onchain for FRNT as the oracle provider expands its footprint across tokenized financial markets. Source: Cointelegraph

Ondo says existing US securities laws can accommodate perpetual futures tied to individual stocks as regulators look to bring more derivatives activity onshore. Source: Cointelegraph